Plus: Are Alphabet or Boeing a buy before earnings?
[Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=44356&elqTrackId=32e636070a61467ab046141b84382017&elq=00474e68ce4c4bd4ae1201d15ae3410c&elqaid=44356&elqat=1&elqCampaignId=21472) [Stock Strategist] Stock Strategist April 24, 2023 Good Morning! Here's what you need to know about stocks today. Coming Up This Week:
- Monday: First Republic Bank [FRC]( Coca-Cola [KO]( report earnings.
- Tuesday: Alphabet [GOOGL]( Microsoft [MSFT]( General Motors [GM]( and Visa [V]( report earnings.
- Wednesday: Meta Platforms [META]( and ServiceNow [NOW]( report earnings.
- Thursday: Cullen/Frost Bankers [CFR]( Snap [SNAP]( AbbVie [ABBV]( Eli Lilly [LLY]( Mastercard [MA]( and Sirius XM [SIRI]( report earnings. For the Trading Week Ended April 21:
- The Morningstar US Market Index declined 0.01%.
- The best-performing sectors were consumer defensive, up 1.7%, and real estate, up 1.6%.
- The worst-performing sectors were energy, down 2.9%, and communication services, down 2.7%.
- Yields on 10-year U.S. Treasuries rose to 3.57% from 3.52%.
- West Texas Intermediate crude prices fell 5.6% to $77.9 per barrel.
- Of the 847 U.S.-listed companies covered by Morningstar, 441, or about 52%, were up, and 406, or about 48%, declined. Which Stocks Are Up?
XPO [XPO]( Intuitive Surgical [ISRG]( and Bed Bath & Beyond [BBBY]( Which Stocks Are Down?
Tesla [TSLA]( Roblox [RBLX]( and Coinbase [COIN]( And Don't Miss:
- [Is Alphabetâs Stock a Buy Before Earnings?](
- [What Beat the S&P 500 Over the Past Three Decades? Doing Nothing](
- [20 Best Healthcare Companies to Invest In]( Looking for more? Check out our weekly [Markets Brief](.
Did a friend forward this email? You can [get your own here](. ADVERTISEMENT [media]( [media] [4 Gold Stocks to Consider]( [4 Gold Stocks to Consider]( With gold prices on the rise, hereâs Morningstarâs take on several gold mining stocks today. Jon Mills [Read More]( Share: [facebook]( [twitter]( [linkedin]( [Is Alphabetâs Stock a Buy Before Earnings?]( [Is Alphabetâs Stock a Buy Before Earnings?]( With a focus on search revenues and cloud for first quarter results, hereâs what we think of Alphabetâs stock. Ali Mogharabi [What Beat the S&P 500 Over the Past Three Decades? Doing Nothing]( [What Beat the S&P 500 Over the Past Three Decades? Doing Nothing]( A strategy of buying a basket of stocks and leaving them untouched outperformed the index, not to mention scores of active managers. Jeffrey Ptak [Best Innovative Companies to Own: 2023 Edition]( [Best Innovative Companies to Own: 2023 Edition]( These companies are expected to benefit from disruptive technologies. Sachin Nagarajan [Stocks Are in Limbo. What Should Investors Do Now?]( [Stocks Are in Limbo. What Should Investors Do Now?]( Uncertainty about the economy, Fed policy, and earnings have stocks moving in tighter ranges. Tom Lauricella, Katherine Lynch [Bank Stock Earnings Roundup: The 'Run on the Bank' Bullet Has Been Dodged]( [Bank Stock Earnings Roundup: The 'Run on the Bank' Bullet Has Been Dodged]( The biggest banks weathered the storm well; regional banks face manageable earnings pressures. [Mega-Cap Stocks Are Leading the Latest Rally. Whatâs Ahead?]( [Mega-Cap Stocks Are Leading the Latest Rally. Whatâs Ahead?]( Valuations on many of the largest stocks may be less attractive. Lauren Solberg [Which Industries Are Best Prepared for a Low-Carbon Future?]( [Which Industries Are Best Prepared for a Low-Carbon Future?]( Telecom and utilities companies stand among the leaders, according to Morningstar Sustainalyticsâ Low Carbon Transition Ratings. [Canât Plant a Tree for Earth Day? These 2 Lumber Stocks Score High on Sustainability]( [Canât Plant a Tree for Earth Day? These 2 Lumber Stocks Score High on Sustainability]( Forestry REITs Rayonier, Weyerhauser meet sustainable goals and look attractive for long-term investors. Adam Fleck [2 Energy Stocks to Buy After OPEC Production Cut]( [2 Energy Stocks to Buy After OPEC Production Cut]( These undervalued oil and gas midstream stocks are among our top picks in the energy sector. Susan Dziubinski [Where Can the Automotive Industry Go From Here?]( [Where Can the Automotive Industry Go From Here?]( Part 2: Interest rates, chip shortages, and inflation are creating tough times now, but the car market could rev up in 2024. Morningstar [20 Best Healthcare Companies to Invest In]( [20 Best Healthcare Companies to Invest In]( These companies largely earn their competitive advantage from intangible assets, and their stocks are great choices for an investorâs watchlist. Ben Slupecki [Is Boeingâs Stock a Buy or a Sell Before Earnings?]( [Is Boeingâs Stock a Buy or a Sell Before Earnings?]( With a focus on regaining prepandemic production levels for first-quarter results, hereâs what we think of Boeingâs stock. Nicolas Owens [Procter & Gamble Earnings: Price, Productivity Juice Profits, but Headwinds Remain]( [Procter & Gamble Earnings: Price, Productivity Juice Profits, but Headwinds Remain]( Sales and margins rise, but P&G stock looks overvalued. Erin Lash [AT&T Earnings: Weak Cash Flow and Slower Customer Growth No Cause for Concern]( [AT&T Earnings: Weak Cash Flow and Slower Customer Growth No Cause for Concern]( Despite current investor skepticism, we see AT&T stock as undervalued. Michael Hodel [IBM Earnings: Margin Expansion and a Stable Guide Signal IBM Is Faring Well; Shares Fairly Valued]( [IBM Earnings: Margin Expansion and a Stable Guide Signal IBM Is Faring Well; Shares Fairly Valued]( Julie Bhusal Sharma [United Airlines Earnings: On Course To Achieve Strong 2023 Results on International Travel Rebound]( [United Airlines Earnings: On Course To Achieve Strong 2023 Results on International Travel Rebound]( Pickup in travel helps revenue growth, we raise our fair value estimate slightly to $60. Brian Bernard [Tesla Earnings: Price Cut Strategy Hitting Margins]( [Tesla Earnings: Price Cut Strategy Hitting Margins]( Cutting Tesla stockâs fair value estimate to $215, but long-term, we see profit margins improving. Seth Goldstein [Netflix Earnings: Uneventful Quarter Overshadowed by Rollout of Paid Sharing, aka Password Crackdown]( [Netflix Earnings: Uneventful Quarter Overshadowed by Rollout of Paid Sharing, aka Password Crackdown]( Weâre skeptical paid sharing will significantly increase new subscriber growth. Neil Macker [Johnson & Johnson Earnings: Steady Results, but Longer-Term Drug Pressures Mounting]( [Johnson & Johnson Earnings: Steady Results, but Longer-Term Drug Pressures Mounting]( Patent losses and slower drug launches are weighing on the business. Damien Conover Listen Now
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